The Study on the New Financial Accounting Standards and the Conservatism of Accounting Information in Commercial Banks
In order to converge with international accounting standards,China revised the new financial instrument standards in 2017.Will the implementation of new financial instrument standards affect the quality of accounting information,especially the robustness of accounting information?This is the issue that the accounting information users and regulators are very concerned about.The new financial instrument standards have made great changes in the classification principle of financial assets,account-ing method and the calculation method of assets impairment loss.This paper chooses the commercial banks which affect the com-mon people's interests and the security of economic system as the research sample,and uses the BASU model to study the impact of new financial instrument standards on the soundness of accounting information of commercial banks.Our research shows that the introduction of new financial instrument standards significantly improve the conservatism of the accounting information.This is perhaps what regulators and users of accounting information are most concerned about.In addition,the accounting conserva-tism of listed commercial banks has changed significantly at different stages of the implementation of the new financial instru-ment standards.In 2015-2017,before the implementation of the new financial instrument standards,the accounting conservatism is unstable and fluctuating.From 2018 to 2019,when the standards came into effect,the accounting conservatism was poor.From 2020,the accounting conservatism began to improve,and continued to 2022.Finally,this paper does not find that auditor size and earnings management behavior of senior managers have an impact on accounting conservatism.
New Financial Instrument StandardsCommercial BanksAccounting InformationConservatism
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NSTL
万方数据
